Trump picks Christopher Phelan to lead his economic council
AP News • • business
Key Points:
- President Donald Trump has nominated Christopher Phelan, an economist from the University of Minnesota, to chair the White House Council of Economic Advisers, a role crucial for economic analysis and policy guidance.
- If confirmed by the Senate, Phelan will replace Stephen Miran, who recently joined the Federal Reserve Board of Governors, with Pierre Yared having served as acting chairman in the interim.
- Phelan’s background includes consulting for the Federal Reserve Bank of Minneapolis and a focus on central bank operations, aligning with Trump’s interest in influencing Fed interest rate policies.
- Phelan holds an undergraduate degree from Duke University and a doctorate from the University of Chicago, highlighting his strong academic credentials.
- White House spokesman Kush Desai praised Phelan as a significant addition to what he called Trump’s highly experienced economic team, noting that Yared will return to his academic position at Columbia University.
